Dunkin, Teavana Moving In Different Directions

The caffeine trade has been one of the hottest trends in 2011, with names like Green Mountain GMCR, Starbucks SBUX, Tim Horton's THI and even McDonald's MCD all moving to new highs as consumers flocked towards spending money on coffee. This week we saw the IPO of Dunkin' Brands Group Inc DNKN and Teavana Holdings, Inc. TEA. Both received better than expected reception with Teavana Holdings soaring some 70% yesterday, while Dunkin' Brands rose some 40% on the day of its IPO, Wednesday. Today, Dunkin' Brands is moving higher despite continued worries about the U.S. debt ceiling, while Teavana Holdings is giving up some of yesterday's gains. At last check, shares of Teavana Holdings were off 15 cents to $27.65, a loss of 0.54%. Shares of Dunkin' Brands were up 46 cents to $28.85, a gain of 1.62%.